Tag: Donald Trump

The Trump administration and congressional Republicans unveiled a “unified framework” for tax reform on Wednesday, kicking off what promises to be a heated debate on overhauling the U.S. tax code. And a preliminary estimate suggests that the tax plan could blow a huge hole in the already unsustainable national debt.

The release of President Trump’s outline for tax reform put the issue at the top of the agenda. Now policymakers need to figure out how to do it responsibly. Fortunately, there are principles to guide the way.